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1._______ allows the manager to anticipate the future so then can plan accordingly.
2. Forecasts are rarely perfect because of:
3. Forecast accuracy ________ as time horizon increases.
4. __________ use explanatory variables to predict the future.
5. All of the following are examples of judgmental forecasts except:
6. _________ requires completing a series of questionnaires, each developed from the previous one, to achieve a consensus forecast.
7. One of the drawbacks of naïve forecasts is:
8. All of the following are responsible for irregular variations except:
9. _______ is a technique that averages a number of recent actual values, updated as new values become avilable.
10. MAPE stands for:
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What is an advantage to a business being socially responsible?
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The conventional wisdom says the 1999-2006 residential real estate "bubble" in the U.S. and the subsequent collapse of global financial markets were caused by a failure of the free market. What's wrong with that assertion?
Illustrate what is wrong with this statement: "Opening trade drives prices of goods and costs of factors into equality among countries but once prices and costs equalize there is no longer any reason to trade."
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